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Rocket startup Astra to go public ‘ASTR’ via SPAC at $2.1B valuation

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A close up view of Rocket 3.2’s engines shortly after liftoff.

Astra / John Kraus

San Francisco-area startup Astra is going to be the next publicly-traded space stock, as well as the first that’s dedicated to orbital rocket launches.

Astra announced on CNBC’s Squawk Box on Monday that it is merging with special purpose acquisition company Holicity to go public in a deal that values the rocket company at a $2.1 billion enterprise value. Astra will list on the Nasdaq under the ticker symbol ASTR when the deal closes, which is expected in the second quarter of this year.

“We’re seeing hundreds of companies that want to get from anywhere on Earth to anywhere in space on their schedule — not…



Source cnbc.com

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